Samsung Invests $408 Million in Upbit Parent Company Dunamu

[madmax]

Three Samsung affiliates have agreed to acquire a combined 4% stake in Dunamu, the company behind South Korea’s largest crypto exchange, Upbit. The deal is valued at approximately $408 million and includes investments from Samsung Securities, Samsung SDS, and Samsung Card.

The transaction gives Samsung deeper exposure to South Korea’s rapidly evolving digital asset sector. Upbit remains the dominant crypto exchange in the country, accounting for roughly two-thirds of local spot trading volume. Dunamu said the partnership could support future collaboration in blockchain-based financial products, digital payments, and AI-powered services.

The investment highlights how traditional financial institutions are increasingly embracing crypto infrastructure as South Korea prepares new regulations covering stablecoins, tokenized assets, and broader digital finance initiatives.

[ed]

now every samsung app will have upbit pre installed??

[johnblockbuster]

Samsung isn't buying Bitcoin here it's buying exposure to the rails that facilitate digital asset activity.